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Yogesh Sapkale Yogesh Sapkale 10 August 2022
While public sector banks (PSBs) continue to refuse to share names of big defaulters citing 'confidentiality of customer data', information shared by the Reserve Bank of India (RBI), reveals that just 312 big defaulters owe more than 76% or Rs1,41,583.50 crore of the total bad...

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The Union government has clarified on the new goods and services tax rules (GST) on rent, which came into effect from 18th July. In a tweet, press information bureau (PIB) said that “renting of residential unit taxable only when it is rented to business entity." It further clarified that “no...

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Sucheta Dalal Sucheta Dalal 24 December 2021
On 20th December, the wire agency IANS put out a sensational report which suggested that yet another diamantaire, like Nirav Modi, had squirreled away a whopping Rs6,710  crore from IDBI Bank. This was based on an advertisement published by the Bank on 19th December (see picture) with the...

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Sucheta Dalal Sucheta Dalal 18 June 2022
A few months ago, an 80-year-old diabetic person suffered the trauma of being inadvertently locked up in a bank when he had gone to access his locker. When the issue was escalated to the top brass at the Reserve Bank of India (RBI), it was felt that he ought to be given a token compensation....

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Moneylife Digital Team 17 June 2022
The justice (retd) RM Lodha committee, which is supervising the Supreme Court (SC)-ordered process of selling PACL's assets, has allowed investors to update their mobile numbers on the separate portal, https://www.sebipaclrefund.co.in set up by Securities and Exchange Board of India...

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Shailesh Gandhi Shailesh Gandhi 15 June 2021
In this part, we will see possible solution in a situation when information has been denied on the grounds that it is of a personal nature and that no larger public interest has been established.                     Grounds for Appeal: Section 8 (1) (j) of the right to information...

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Moneylife Digital Team 11 June 2021
The economic offences wing (EOW) of Chennai Police on Friday arrested Ravi Parthasarathy, former chief of crisis-hit Infrastructure Leasing & Financial Services (IL&FS) in the Rs200 crore cheating and criminal breach of trust case filed by 63 moon technologies ltd. Mr Parthasarathy was...

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Moneylife Digital Team 20 August 2021
The Indian active pharmaceutical ingredients (APIs) industry seems to have taken new wings. This can be gauged from the rising interest of private equity (PE) funds in this sector. Global PE giant The Carlyle Group’s acquisition of 53% stake in Sequent Scientific, Advent International Corp’s...

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Moneylife Digital Team 01 November 2021
The first meeting of the committee of creditors (CoC) of Srei Equipment Finance Ltd (SEFL) is scheduled to be held on 2nd November at Marriott in  Kolkata under regulation 19 of the Insolvency and Bankruptcy Rules (IBC) 2019.    The CoC is expected to discuss and update on the...

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Moneylife Digital Team 24 September 2021
Mutual fund (MF) registrar and transfer agents (RTAs) KFin Technologies Pvt Ltd  (KFintech) and Computer Age Management Services (CAMS) Ltd yesterday launched an MF transaction portal called MF Central. This follows a directive in July by the Securities and Exchange Board of India (SEBI) to...

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State-run lender Bank of Maharashtra (BoM) has written off bad loans of over Rs3,002.85 crore in FY20-21 belonging to big defaulters, taking its total of written off loans to Rs10,405.43 crore over the past 10 years. The Bank could recover just 9.96% or Rs931.98 crore from these big...

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Sucheta Dalal Sucheta Dalal 25 September 2021
On 22nd September, there was a new twist to the Zee Entertainment Enterprises (ZEEL) drama when its board of directors granted in-principle approval to a merger with Sony Pictures Networks India (SPNI). More importantly, Punit Goenka, who the largest shareholder, Invesco Developing Market...

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Advait Tamhankar (The Leaflet) 03 February 2022
As dealt with in the previous article, when an attempt is made for lodging an FIR [first information report] under Sections 154 or 155 of the Code of Criminal Procedure [CrPC], the police may simply register an FIR if an offence of cognizable nature is disclosed. In the event the police...

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Moneylife Digital Team 21 May 2022
When Ola Cabs began to offer outstation services, most people thought it was a safe and smooth way to book vehicles, especially for family, children and senior citizens to travel out of town. But the absolute lawlessness and thuggery allowed to recovery agents of banks and finance companies,...

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Moneylife Digital Team 02 December 2021
Anand Rathi Wealth Ltd (ARWL) is a wealth management firm which is making its initial public offering (IPO) today. In a departure, from our usual IPO analysis, we are stating upfront some information we have obtained about ARWL. The usual IPO analysis follows. According to our...

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Moneylife Digital Team 06 April 2022
Three funds managed by Invesco's developing markets investment team, including Invesco Developing Markets Fund, have decided to sell up to 7.8% of their stake in Zee Entertainment Enterprises Ltd (Zee). While reducing its stake to 11%, Invesco reaffirmed its support for the merger of Zee with...

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Moneylife Digital Team 23 August 2021
Traders have been calling out the frequent freak trades in the derivatives segment on the NSE (National Stock Exchange).   My sympathies to the buyer here. Absolute freak trade. Same thing happened with today's 37000 PE. These strange events are getting more frequent

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CA Ameet Patel 10 January 2022
Last week, Sucheta Dalal reminded me on Twitter about my cover article for Moneylife magazine published long back when we had a different ruling party and different finance minister. It was titled “Taxtortion The Nightmare Continues” – a term coined by Debashis Basu. He nudged me to write on...

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Ranganathan V Ranganathan V 23 December 2021
Move over, the iconic Char Minars that have characterised the city of Hyderabad for the past four centuries. The active pharmaceutical ingredient (API), generics, formulations and contract research and manufacturing services (CRAMS) must now be designated as the city’s new Char Minars, in...

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Moneylife Digital Team 05 October 2021
The Securities and Exchange Board of India (SEBI) has barred CNBC Awaaz anchor Pradeep Pandya, market expert Alpesh Furiya and four others till further orders, for fraudulent and unfair trade practices in the securities market. SEBI has also ordered impounding of gains of about Rs8.4 crore...

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